Restaurant insurance can help cover unexpected costs and help you stay open if things go wrong. Having insurance for restaurant owners is crucial. Whether it is slip-and-fall accidents involving customers, employee injuries, or property damage, being prepared for these risks can save you from significant financial burdens. Restaurant insurance can cover various scenarios, from replacing spoiled food due to a broken fridge to handling lawsuits from customers who get sick from contaminated food.
You face specific challenges related to being in the food business. The good news is that we can help you find the right restaurant coverage for you. So, whether you own a restaurant, bakery, coffee shop, or ice cream shop, we're here for you.
Restaurant insurance is a type of business owners policy (BOP). These policies generally provide protection for:
Any business in the restaurant industry needs restaurant insurance to protect them from unforeseen incidents that could cause disruptions or financial loss:
We know each business is unique. We'll help break down the coverages so you can decide which coverages you need. Please note, some coverages are subject to deductibles and limits.
Most states have requirements about workers compensation coverage. It can help provide financial protection for job-related accidents and illnesses.
A personal auto policy may not cover vehicles used for business. Commercial auto insurance:
An umbrella insurance policy may provide additional coverage over and above other applicable insurance policies.
Businesses may need protection from computer-related attacks, such as malware, phishing, ransomware, or if laptop with confidential information on it is stolen. A cyber liability insurance policy can help protect your business.
Restaurant insurance is important because it provides comprehensive protection against potential risks that can significantly impact a restaurant's reputation and financial stability. This coverage helps mitigate the financial burden of unexpected events, such as fires, theft, liability claims, or employee injuries, ensuring that the business can recover and continue operating smoothly. Without restaurant insurance, owners may face substantial out-of-pocket expenses and legal liabilities that could threaten the viability of their establishment.
How does a business owners policy (BOP) protect my restaurant or food business?A Business Owners Policy (BOP) protects your restaurant or food business by combining essential insurance coverages into a single, cost-effective package. It typically includes property insurance to safeguard your physical assets like equipment and furnishings, liability insurance to cover potential lawsuits, and business interruption coverage to help with income losses during disruptions. A BOP is tailored to the specific needs of your industry, making it a smart choice for restaurant and food business owners seeking comprehensive risk management.
What do I need to get a restaurant insurance quote?To get a restaurant insurance quote, you need to provide basic information about your establishment, such as its location, size, and the type of cuisine served. Additionally, insurers may request details on your restaurant's annual revenue, the number of employees, and any previous insurance history. Providing accurate information helps insurers assess the specific risks associated with your business, allowing them to offer you a tailored insurance quote that meets your needs and budget.
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Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
For online quotes:
GEICO Insurance Agency, Inc. has partnered with Hiscox Insurance to provide business insurance products. When you click on "Start Quote", "business owner's insurance quote", or "business owner's policy quote" you will be taken to the Hiscox website, which is not owned or controlled by GEICO.
GEICO has no control over the privacy practices of Hiscox and assumes no responsibility in connection with your use of their website. Any information that you directly provide to Hiscox is subject to the privacy policy posted on their website. All business products offered are written on an admitted basis (Hiscox Insurance Co., Inc.) with A.M. Best credit rating of 'A' (Excellent) and financial size XI.
Commercial auto coverage is underwritten by Government Employees Insurance Company. In some cases commercial auto coverage is provided through GEICO Insurance Agency, Inc., either under an arrangement with National Indemnity Company (NICO), a Berkshire Hathaway affiliate, or with non-affiliated insurers.
Other business insurance coverages are written through either Berkshire Hathaway affiliated or non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. We can help you secure business insurance in all states except Hawaii.
The information you provide will be shared with our business partners so that they can return a quote.